Elvis Galickis of Finchecker explains why crypto-linked payments require institutions to link wallet activity to customer identity and source of funds.

He discusses the limits of analytics, AI’s role in onboarding, and practical steps to prepare for the EU’s changing AML framework.

Many banks, merchants, and PSPs don’t consider themselves crypto businesses, yet they already process transfers to exchanges or serve corporate clients with crypto-linked activity. Why is this small share of transactions attracting so much regulatory attention, and what is the real risk of treating it as an edge case?

The risk comes from the connection between two financial systems. A payment that begins in a bank account can become a crypto asset and move…